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"The Cost -Effectiveness Paradox in the Health Care: How an Intervention or Program Can Be Cost-Effective but Still Not Worth It and Vice Versa"

Jeffrey Hoch, Professor in the Department of Public Health Services, UC Davis
  • "The Cost -Effectiveness Paradox in the Health Care: How an Intervention or Program Can Be Cost-Effective but Still Not Worth It and Vice Versa"
  • 2016-05-05T12:00:00-07:00
  • 2016-05-05T13:00:00-07:00
  • Jeffrey Hoch, Professor in the Department of Public Health Services, UC Davis
When
May 05, 2016 from 12:00 PM to 01:00 PM (America/Los_Angeles / UTC-700)
Where
1130 K Street, Room LL3
Contact Name
Contact Phone
916-445-5100
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“The Cost-Effectiveness Paradox in Health Care:
How an Intervention or Program Can Be Cost- Effective but Still Not Worth It and Vice Versa.”

Professor Jeffrey Hoch Department of Public Health Services
University of California, Davis


As healthcare decision makers try to balance increasing consumer demand with cost containment, it will be crucial to identify cost-effective care. A critical issue with which decision makers must grapple involves the trade-offs introduced by a new treatment or intervention. Specifically, are decision makers willing to pay the additional cost for the additional outcomes? This question cannot be considered without estimates of the additional cost and additional outcomes. Results from cost-effectiveness analysis address this issue. This presentation makes the following points which
are then illustrated with real world examples:
1) A cost-effectiveness analysis will not tell you if something is cost-effective; 2) Who does the analysis affects the estimate of cost-effectiveness; 3) Cost- effectiveness analysis is just one piece of the decision (other factors matter).Consumers of cost-effectiveness analysis research can be more successful if they possess a basic understanding of these main points.


Jeffrey Hoch received his PhD in health economics from the Johns Hopkins School of Public Health. An award winning teacher, Professor Hoch has taught Health Economics and Economic Evaluation classes in Asia, Europe, and both North and South America, recently winning the Teaching Award for Best Short Course Faculty (for the Short Course “Introduction to Cost-Effectiveness Analysis”) from the Society for Medical Decision Making in 2013. Professor Hoch believes that teaching is an essential Knowledge Transfer and Exchange activity for healthcare leaders to learn about health economics and how to apply it in their daily activities. As Director of the Pharmacoeconomics Research Unit at Cancer Care Ontario, Professor Hoch pursued research making health economics more useful to decision makers. Professor Hoch was also a founding co-Director of the Canadian Centre for Applied Research in Cancer Control (ARCC), a national research center dedicated to cancer research, capacity building and knowledge transfer related to health economics, services, policy and ethics. Professor Hoch’s research interests include health services research related to cancer, mental health, and other health issues affecting poor and vulnerable  populations.

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The views and opinions expressed during this lecture are those of the speaker and do not necessarily represent the views of UCCS.

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